QuestionsQuestions (OP EXECUTIVE ORDER NO. 800)
To transfer the administrative supervision of the Securities and Exchange Commission (SEC) from the Department of Finance (DOF) to the Department of Trade and Industry (DTI).
The Securities and Exchange Commission (SEC).
It shifts the SEC’s administrative supervision from the Department of Finance to the Department of Trade and Industry.
Because the DTI is described as the primary coordinative, promotive, facilitative, and regulatory arm of the Executive Branch in trade, industry, and investment, making coordination of policies and programs more practical.
The Department of Trade and Industry (DTI).
The President’s continuing power to reorganize under EO No. 292, the Administrative Code of 1987.
It only transfers the SEC’s administrative supervision; it does not state a change in the SEC’s nature or mandate.
It refers to oversight/control in administrative matters (e.g., coordination, supervision within executive structure) without necessarily altering the agency’s statutory powers; the EO specifically transfers supervision, not the SEC’s regulatory authority.
Immediately, as stated in Section 2.
Gloria Macapagal-Arroyo signed the EO, and Eduardo R. Ermita was the Executive Secretary.
They provide the rationale and policy considerations for the transfer—specifically improved coordination of trade, industry, and investment policies.
Trade, industry, and investment.
EO No. 800 reverses or supersedes the prior arrangement by transferring SEC administrative supervision from DOF (under EO 192) to DTI.
Section 1: “The Securities and Exchange Commission is hereby placed under the administrative supervision of the Department of Trade and Industry.”
Adopted on 14 May 2009 (documented as OP Executive Order No. 800, May 14, 2009).
Because the EO states that transferring supervision to the DTI is necessary and practical to facilitate coordination in trade, industry, and investment areas.